Hyderabad, Aug. 16, 2023 (GLOBE NEWSWIRE) -- According to a new market research report titled "Saudi Arabia C4ISR Market Report (2023-2028)," the market is estimated at USD 786.48 million in 2023. It is expected to register a CAGR of 1.09% during the forecast period.
C4ISR (command, control, communications, computer, intelligence, surveillance, and reconnaissance) includes systems, procedures, and techniques used to collect and disseminate information from the battlefield.
Report Summary:
| Report Attribute | Details |
| Market Size (2023) | USD 786.48 million |
| Market Size (2028) | USD 857.73 million |
| CAGR (2023-2028) | 1.09% |
| Study Period | 2018-2028 |
| Forecast Units | Value (USD billion) |
| Report Scope | Market Dynamics, Revenue Forecast and Segmentation, Competitive Landscape and Recent Developments, Market Growth, Future Opportunities, and Trends |
| Key Market Drivers | The growing threats from adversaries. |
| The risk from asymmetric warfare. |
Who are the Top Companies in the Saudi Arabia C4ISR Market?
The Saudi Arabian C4ISR market is highly consolidated and consists of a few players. The country is investing in enhancing the capabilities of local players to localize the defense industry.
Significant players in Saudi Arabian C4ISR market are,
- Saudi Arabian Military Industries
- SAIC
- Lockheed Martin Corporation
- Raytheon Technologies Corporation
- L3Harris Technologies Inc.
- General Dynamics IS&T Arabia (General Dynamics Corporation)
- Kratos Defense & Security Solutions Inc.
- Thales Group
- Northrop Grumman Corporation
- Aselsan AS
- BAE Systems PLC
Other Reports That Might Be of Your Interest:
- Air-based C4ISR Market Report - The air-based C4ISR market value is estimated at USD 3.28 billion in 2023. It is expected to reach USD 3.62 billion by 2028, registering a CAGR of 1.98% during the forecast period (2023-2028).
- Japan C4ISR Market Report - The Japanese C4ISR market size is estimated at USD 445.13 million in 2023. It is expected to reach USD 537.68 million by 2028, registering a CAGR of 3.85% during the forecast period (2023-2028).
Key Highlights from the Saudi Arabia C4ISR Market Report:
Saudi Vision 2030 to Drive the Market
- Saudi Arabia is expected to invest in its domestic military industry as part of Vision 2030 to boost the local defense industry.
- The Saudi Data and AI Authority’s National Strategy for Data and Artificial Intelligence is expected to make the country an AI leader by 2030.
Expenditure on Naval Modernization to Drive the Market
- The country is working on its huge armed forces modernization project to modernize the Eastern Naval fleet. The RSNF procures naval vessels, fixed-wing aircraft, and helicopters, which will be equipped with data-sharing and situational awareness features.
- The country’s Royal Saudi Navy program enables large-scale hardware and software upgrades for naval forces, which is expected to increase the demand for sea-based C4ISR systems.
What are the Latest Developments in the Saudi Arabia C4ISR Market?
- In September 2022, the KSA signed a contract with MARSS Group, a producer of surveillance systems, for procuring 50 RADiRguard units.
- In March 2022, the Saudi MoD announced five deals with the country’s military defense.
Mordor Intelligence has Segmented the Saudi Arabia C4ISR Market Based on Platform:
- By Platform (Market Size and Forecast based on Value (USD billion), 2018-2028)
- Air
- Land
- Sea
- Space
In a nutshell, the Mordor Intelligence market research report is a must-read for start-ups, industry players, investors, researchers, consultants, business strategists, and all those who are looking to understand this industry. Get a glance at the Saudi Arabia C4ISR Market Report (2023-2028).
Mordor Intelligence constantly tracks industry trends. Some relevant market reports from the analysts that might be of interest to you:
- Brazil C4ISR Market Report - The Brazilian C4ISR market size is estimated at USD 414.82 million in 2023. It is expected to reach USD 463.64 million by 2028, registering a CAGR of 2.25% during the forecast period (2023-2028).
- United States C4ISR Market Report - The US C4ISR market size is estimated at USD 3.19 billion in 2023. It is expected to reach USD 3.66 billion by 2028, registering a CAGR of 2.80% during the forecast period (2023-2028).
- Airborne ISR Market Report - The airborne ISR market size is estimated at USD 7.63 billion in 2023. It is expected to reach USD 10.53 billion by 2028, registering a CAGR of 6.64% during the forecast period (2023-2028).
About Mordor Intelligence:
Mordor Intelligence is a market intelligence and advisory firm. At Mordor Intelligence, we believe in predicting butterfly effects that have the potential to change or significantly impact market dynamics.
Our market research reports are comprehensive and provide exclusive data, facts and figures, trends, and the competitive landscape of the industry.
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